Carret Asset Management LLC Sells 6,402 Shares of Canadian National Railway (NYSE:CNI)

Carret Asset Management LLC decreased its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 12.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,293 shares of the transportation company’s stock after selling 6,402 shares during the period. Carret Asset Management LLC’s holdings in Canadian National Railway were worth $5,439,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JFS Wealth Advisors LLC raised its position in Canadian National Railway by 241.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 229 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Canadian National Railway by 121.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock worth $40,000 after acquiring an additional 202 shares during the period. Keener Financial Planning LLC purchased a new position in shares of Canadian National Railway during the 4th quarter worth approximately $46,000. Rational Advisors LLC purchased a new position in shares of Canadian National Railway during the 3rd quarter worth approximately $41,000. Finally, Crewe Advisors LLC purchased a new position in shares of Canadian National Railway during the 3rd quarter worth approximately $43,000. Institutional investors own 80.74% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on CNI shares. Stephens reiterated an “equal weight” rating and set a $140.00 target price on shares of Canadian National Railway in a report on Wednesday. Susquehanna upped their price target on Canadian National Railway from $140.00 to $142.00 and gave the stock a “neutral” rating in a research note on Wednesday. Benchmark restated a “hold” rating on shares of Canadian National Railway in a research note on Wednesday. Susquehanna Bancshares upped their price target on Canadian National Railway from $115.00 to $143.00 and gave the stock a “neutral” rating in a research note on Monday, January 8th. Finally, Wells Fargo & Company upped their price target on Canadian National Railway from $110.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Eighteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Canadian National Railway has a consensus rating of “Hold” and a consensus price target of $147.86.

Canadian National Railway Stock Performance

Shares of CNI stock traded down $6.60 on Wednesday, reaching $122.80. The stock had a trading volume of 2,433,798 shares, compared to its average volume of 1,019,281. The stock has a market cap of $78.43 billion, a P/E ratio of 19.37, a price-to-earnings-growth ratio of 2.25 and a beta of 0.88. Canadian National Railway has a 1 year low of $103.96 and a 1 year high of $134.02. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 0.61. The company has a 50 day simple moving average of $129.80 and a 200 day simple moving average of $122.20.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Tuesday, January 23rd. The transportation company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. Canadian National Railway had a return on equity of 23.56% and a net margin of 33.38%. The company had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.25 billion. Equities research analysts expect that Canadian National Railway will post 5.94 EPS for the current year.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.